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September 2020 – Steel production
World steel production for the 64 countries of the World Steel Association (worldsteel) was 156.4 million tons (Mt) in September 2020, an increase of 2.9% compared to September 2019. Due to the continuing difficulties presented by the COVID-19 pandemic, many of this...
China’s new international copper contract coming soon
Next month, exactly November 19, China will launch a new international copper contract. The futures contract will be launched at the Shanghai International Energy Exchange (INE) as reported by the China Securities Regulatory Commission. While a Chinese copper contract...
MMG reports excellent results despite operational uncertainty
MMG expects to produce 305,000-315,000 tons of copper this year for the Las Bambas mine in Peru, while warning that "a high degree of operational uncertainty remains". MMG withdrew its 2020 production guide of 350,000-370,000 tons of copper concentrate for Las Bambas...
China’s new infrastructure plan to increase demand for metal
The acceleration of China's "new infrastructure" plan will support the government's ambition in the metals industry by increasing the production of high-end metals compared to primary metals. Although this is a long-term strategy as part of the Chinese government's...